Reply to Moving to London but salaries??

Forum Index » Jobs and Careers

Reply to "Moving to London but salaries??"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here.

My main question is why does London have such lower salaries than NYC despite being equal in opportunities and supposed wealth ?

The same role at a Deloitte or Goldman Sachs in London office is getting paid comparably less than the NYC equivalent.

[/quote]

Part of it is that they don't need to earn as much because education and health care is cheaper.

An American attorney practicing in London could very well have several hundred thousand dollars in student loan debt. The Brits will have somewhere between zero and five figures. Brits don't have to save as much for health care, retirement, education, because the government subsidizes those more. [/quote]

This has nothing to do with it. It’s simply the market. Besides if it did, the increase in housing expense more than makes up for what an American attorney is paying in health insurance premiums.

[/quote]

Interesting. I paid more in rent when I moved from London to DC but it was 10 years ago. Of course,!lots of Americans want to live in places like Chelsea and Kensington and those are super expensive places.[/quote]

This whole thread is people who travel a couple times a year and their Pret is more expensive and the hotel rooms are smaller.

I'm not saying London is perfect, and people do live in older homes more because it's a much older country but the idea that conversion to USD has much so impact when everything is relative to your own salary and COL in GBP is not a particularly helpful picture.

FWIW many other countries think US dependence on cars, petrol, and lack of transit is a big loss from a COL perspective.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics